news today violence has once again flared up. these are the images cold world has been seeing from the streets of canada. showing up for a shelter all day. hello

welcome to business now illegal capital outflow from russia amounted to over two hundred eleven billion dollars over the last eighteen years as according to the global financial integrity organization illegal inflows and outflows of capital provide the existence of the shadow economy in russia which includes the proceeds of crime corruption and tax evasion now the total of the shadow economy is estimated at forty six percent of russia's g.d.p. now this figure comes out of the shadows the same week that russia's president vladimir putin introduced a draft law that restricts investment abroad barring senior officials from holding bank accounts all stocks outside the russian borders now the law is an attempt by putin to fight corruption isn't his ambition to make russia more investment friendly and earlier i spoke to jacob knell chief economist from morgan stanley or

russia and i asked him about this rate of illegal outflow and putin's attempts to combat it. it's always hard to know how to measure something that is illegal and therefore hidden the actual number for capital outflows provided by the central bank is much higher for instance last year we know it was about sixty billion dollars the year before eighty billion dollars so much larger number than the ten billion dollars or so that this report is talking about per year. there is a line on the central bank balance of payments called fictitious transactions where people are underreporting imports over reporting exports in order to move funds abroad but some of that may not be. may not be the proceeds of crime what this report is talking about is money that's generated from some kind of criminal activity that is then mordred and so necessarily it's a somewhat speculative number but of course there's wide agreement that the flows

of illegal money are quite substantial and this is an ongoing problem in russia indeed and that he's come up with a new law apartment to ban state officials and their family from owning a foreign financial assets abroad is this the way forward in order to avoid such reports tell you out in the future you think this is the right thing to do going forward where you know money combatting money laundering started out with trying to track drug money and then and then after nine eleven it became more focused on trying to track down terrorists farms and over the years the o.e.c.d. through the financial action task force has developed a sort of manual of best practice if you like and one of the key steps in trying to control the limits of the phenomenon is to make sure that you regulate your banks properly and make sure that all money flows through banks and

that is a fact what is the purpose of this law is to try and ensure that. money's first of all deposited in a bank that's regulated by the central bank of russia so that the authorities can keep an eye. on the flows of money that are happening i think that it's. i think it's a reasonable it's a reasonable requirement from an economic point of view i welcome a liberal capital account like we have in russia which supports investment flows however. there's been too much associated flows that have been of dubious origin and i think in so far as the authorities can get the balance right between better regulatory control of illegal flows of money and an open capital account that would be supportive for investment. and how we listed is it the russian

government will be able to get some of these billions back. is that a possibility or no let's think money comes into an economy when people feel confident about their property rights and is a decent investment climate and they have a prospect of making money making a good return on their money. and so i think the general problem really i would put somewhat differently not will this particular money that went abroad come back but can russia improve its investment climate so that there's more money coming into russia whether it's owned by russians or owned by foreigners so that sort of being we recover mint could see investment rising and growth rising in line with its objectives. and moving on despite boasting the biggest gas reserves in the wild rushes gas problem is now in the balkan ball scared the company is what has dropped by a third in the past year now the cheapest among global oil and gas majors tatyana.

she's got more. yes it's bad news for russia's gas giant gazprom capitalize. ation on the moscow stock exchange has reached its law was to level in three years the company is now worth just over a hundred billion dollars for comparison the market's capitalization of the most expensive oil company exxon mobil is more than four hundred billion dollars followed by petro china at over three hundred billion shell and chevron over two hundred analysts say the main reason for gas from plunging value is higher taxes the market also didn't like the company's increase in capital investment and its decision to give it i'm an adult a sailor resteal more room for a down side a pension to gas problem maybe buying. into the ukrainian transportation system

and if this scenario he's materializing then there might be an additional don't say . that. i don't have gas last two years. is all that an approximate that will be done though so maybe different before gas so you can in your system is much much bigger and the same price got. you clean your customers the don't cite my being. bought all the upside analysts say gasper may become one of the most interesting dividend stories globally as the company is now changing its dividend policy market players say that they are betting on the gas boom as a huge infrastructure monopoly with high yielding doodles rather than the upstream production company that is doomed for zero free cash flows for the next several years. russ's leading oil company ross you have to has signed loan agreements to

attract over fourteen billion dollars from a group of foreign banks these funds will be used to purchase fifty percent of teen k b p from a.o.l. a consortium of russian billionaires now according to off nafta the interest rates are said to be one of the lowest in the rush of market now fifteen foreign banks will be involved including bank of america merrill lynch b m p power bar and bank of china as well. and staying with russia we're going to check out the markets and see what happened in moscow you can see significant gains for the r.t.s. on the mice it is said to be percent nearly as you can see pretty much most of the blue chips ended up above the line we had read to be russia second biggest lead to hit up more than five percent a retailer dixy added more than three percent and that's after reporting a twenty three percent jump in revenues in january that was the sound that for as for the ruble you'll be able to see it was a mixed performance today we had it harder against the u.s.

dollar made managing to gain just a year you can say it's pretty far left actually let's check out your i can see what happened on the wednesday session and there was a heard of a euro zone industrial data actually that was giving some support to the markets as well as earnings reports from heavyweights such as social generale and heineken as well drawing attention and boosting the mood overall as for longdon though there's a few whispers that the bank of england could be boosting more stimulus measures so we're watching out for that one as our investors wall street analysts check out what happens in the u.s. stocks still continue to fluctuate between gains losses still makes as you can see just meanwhile indices are routed to a five year high on average as investors. way economic reports also president barack obama he's vowed to spend money on infrastructure and

environmental spending that came out of the union address that we will watch and i we also to mention that consumers increase that saying as well we tell good when out of a follow up pay for the month before supposin see of news on wall street to out really is not apparently down to a tax hike so that is indeed the markets but coming up. we interview the u.s. foreign affairs as clyde prestowitz the stay with us of that i'll be back tomorrow . helicopters flying through the air rounds of assault rifle ammo popping as the choppers buzz over the land now this unique form of hell of terror is no longer

restricted to those in vietnam in the middle east now houston miami residents of the good old usa can get in on the fun houston residents of terror called nine one one and scrambled for cover and even to schools put on lockdown as the military helicopters participate in a multi-agency training for real in miami at night in the middle of downtown onlookers caught video on their telephones of blackhawk helicopters pumping loud blank on to the people below and maybe even as i speak a flexible schedule military drill could be happening in just broke out of south carolina you know when i was a kid they tell us about how that year old soviet union would parade their tanks around how there were soldiers all over their oppressed country even in one thousand nine hundred four or will be to the point to describe our military helicopters would eternally be overhead and they dystopian night. they are world now we're living the nightmare the united states is a huge country there's plenty of room on remote army bases to do your training also

last time i checked afghanistan evil which is don't look like downtown miami just who are you training to kill anyways knock off the terror training but that's just my opinion. mission. critic a should three. three. three. three. three. six zero three. mediocre four year media projects free media.

the. today i'm joined by mr clyde prestowitz the founder and president of the economic strategy institute he writes for foreign policy affairs and most recently he wrote in defense of nominating chuck hagel for secretary of defense with him we discuss this nomination thank you very much for joining us on r.t. let me start with this why chalk hill well i think very important is because president obama likes him and trusts him. and thinks that he. do a good job at the defense department i think we have to remember that chuck hagel was an early supporter of barack obama in two thousand and eight when he was first campaigning for president he traveled with obama to iraq and afghanistan at that time. and it's important that he's

a republican and so this demonstrates that the president on the one hand this is able to attract at least some kind of republican support and secondly that the president is able to sell the message through this kind of a point about let's not forget chuck hagel is a veteran of the vietnam war he was a noncommissioned officer in the vietnam war. and as a result of that. he became very very cautious about war. it's he will be the first. non-commissioned officer ever to be secretary of defense i think that's also a very powerful message. and the republicans actually see him as a republican well some republicans do. let me remind you of president ronald reagan who began his career as a democrat. wound up as

a what we call that the time a conservative republican president and reagan always. that he had not changed his views but that his party the democratic party had left him. i think hagel is in a similar position higgle is what for most of my life people all thought of as a republican it's only in the last ten or fifteen years that the republican party has shifted his views away from. natural position and so i would say today probably most republicans don't see his goal as a republican but there are still some who do the previous defense minister if i could say that he was talking about not reducing presence in the middle east yet expanding presence in asia that hagel doesn't seem to be i'm not sure it's completely different i mean as you know from your broad experience here in

washington all of the messages have various audiences so let's keep in mind that obama when he became elected said he was going to wind down the war in iraq said that he was going to withdraw all eventually from afghanistan and he has been doing that now there are those in the american body politic who are opposed. and so obama has had to be able to carry with him joran is in the congress and in the country and sometimes in building a majority it's useful to have a secretary of defense who sounds tough even if the president's position is not so tough so i shouldn't think we should over interpret that but i think it's important to see hey goal was as a message to various audiences to an american audience to american military

audience that the emphasis is going to be less on the military to foreign audiences the american is. going to be more interested in talking than fighting. and particularly i think to two audiences of the middle east that. there's room for cutting deals between america and iran america and other people in the middle east and we saw how iran received that method's nominating hagel how do you see that do you think the u.s. policy on iran will change in the second term of obama having chuck hagel as secretary of defense well i don't know if i would say will change because i don't think obama has actually been taking a confrontational line with iran but i think any president in his second term is no longer running for the white house he's running for the history books.

and that means maybe bolder moves the president has more flexibility to take. new positions and so i do think. president obama will try very hard to come to some kind of a more stable arrangement with iran and in the middle east you were talking about messages that obama but what is the message that you know i think hillary is sent to the middle east by choosing by obama is sending the message that he's not the president from israel. that while the united states strongly supports israel and is an ally of israel and it will defend israel that the united states has a broader interest in the middle east and that. he the president obama.

is. pursuing broad long term american interests in establishing a stable order in the middle east one of the issues that people are criticizing hable for a lot of the criticism actually comes because of some statements he made in the past namely i am a senator from nebraska not from israel the jewish lobby how do you think that will affect his nomination well i think his statement that he is the senator from nebraska from israel will actually be very positive for him. i think i think most americans will say yeah that's right he should be the senator from nebraska from israel of course there will be those supporters of israel who interpret it in a negative way but i think on balance that will be a pause a positive i think his comment about the jewish lobby.

because of ursule i don't think it will stop his nomination. but it would have been better if he had said the israel lobby because there are of course many american jews who don't support. the positions of israel and so by using the term jewish instead of israel it kind of clouded that issue but having said that we also have to be realistic and the fact is that the israel lobby in america is of course very much. composed not only of jews but there are many leading jews who obviously are part of a senator who is now nominated for defense secretary has to defend himself for saying things like i am a senator from from nebraska not from israel i how do you know this is such

a taboo issue it became in the u.s. that it's an untouchable and is this sending a message maybe to other. politicians that maybe this is a subject that i should not even criticize talk about because in the future it will let me know this is a complex complex issue and i don't know if we have enough time to for me to explain the top down the peculiar taboos of american politics but. i would say that the this is not unique for example you have to go back in american history so for example there's a large irish population in america and for many many years discussion of the northern ireland problem between. ireland and the u.k. was very difficult in the united states because of the influence of this irish political group in the united states so the israel thing is not unique. you just

have to know that it sometimes american policy all politics are strange every country has its place it's its secrecy but i think to your question of this is some kind of a message that people have to be very very careful about speaking about israel i think not i think it's the opposite the fact that the president is going to head with this nomination that it probably will be confirmed i think demonstrates that you can. make statements that are not entirely. pure and doesn't stop your career he did say that he supports israel but people don't see that as emotionally well i mean remember that there are people who would like to stop his nomination. politics is a context sport. and there are important people in the united

states who would like to stop him so they're looking for any excuse i mean if he threw chewing gum on the sidewalk they would criticize him for throwing chewing gum on the sidewalk they're just looking for an excuse this is the way they gave us if his confirmed and many people say that he will be confirmed pressure do you think there will be on him. oh i don't think there'd be a great deal of pressure on him. of course being secretary of defense is not a small job. but i don't think that there will be extra pressure on him as opposed to other secretaries of defense i think there is a lot of resistance to his nomination because there may be agreement between obama and and hable that doesn't mean that there's agreement between obama and senator mcconnell or other important leaders tell me more about this i mean if there is well i mean in the first place we have. in the united states

a two party democracy and so the president is of the democratic party but part of the congress is controlled by the republican party the house of representatives and the senate is not controlled by the republican party but the republican party has often blocking power. in the senate. there are also many many other interests there are business interests there are military interests there are. social interests all of them looking for. budgetary support all of them looking for a publisher they all of them fighting each other for attention. and they look at every nomination the secretary of defense secretary of state they look at all these on the nations from the perspective is this going to help me or is this going to maybe not help me if it's not going to help me then maybe i should try to stop it.

so it's important to keep in mind that the united states is not a parliamentary system in a parliamentary system the prime minister has a majority and he controls the legislature and he names whomever he wants and the market doesn't work that way the president doesn't control the the legislature. legislature must agree to his nominations he doesn't always get the nominee that he wants so it's much more of a fight within the internal american system than in a parliamentary system.

i never knew adam lanza in person but i was in the same high school as that he was younger than me just little bit younger. i always thought he was different i always into something funny he rarely talks and you don't he was a shy kid. i don't know anyone who was friends with him i also don't know of anyone who is particularly mean to the what i do know is that it was very clear that this person was not like everybody else. can imagine the level of mental illness that would be present to murder children. america's you know so when you go on this there would be an

american behind every tree with a gun. i think for kids growing up in this environment is good for them at an early age to least see the gun and respected because they need to know what kind of damage it can do. this is our first task as a society. keeping our children safe. this is how we will be judged. please. please.

liz. liz. liz liz . lemon live live. live

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